Category: Organization
Strategic Material & Supply Chain MIS
Material is an important cost in any business organization. However, in Manufacturing organizations it is prime cost where it can go up to 90% of total cost. Material Control is important function for any MIS. It has primarily four objectives: Improving Material Quality and Customer Satisfaction Reducing Material Cost Ease of Material Availability Improving overall Material Management System Keeping above objectives in mind following Class of MIS Reports are generated for Material: Material Cost Reports: […]
Why Most MIS frameworks are not effective ?
Every company has some form of Management Information System (MIS) which provides information for making decisions. Most of information is generated from with in the organization. Reports are generated for different operational parameters like Production, Sales, Cost, Assets, Liabilities , Profits, Rejections, Stocks etc. Further every organization also develops some sort of Checks and Balances System to ensure hygiene of transactions and activities. However it is generally found that almost every organization and business owner […]
Cost Management & MIS
Profit Maximization objective of business is dependent upon two variables i.e. Revenue Maximization and Cost Minimization. Both these systems together lead towards maximization of top line and bottom lines of balance sheet. Cost can be classified in three broad categories depending upon their linkages with revenue: Cost Directly linked with Revenue Generation Cost Indirectly linked with Revenue Generation Cost Not linked with Revenue Generation Cost can also be categorized as costs related to: Business Acquisition […]
Dynamic MIS : Right Information at Right Place at Right Time & Right Form
During my interactions with community of business owners and professionals, one common concern that comes out is Non Availability of Critical Information for decision making. There is lot of information available through reports, systems, people &but this does not prevent from nasty surprises, losses, frauds and lost opportunities. Being flooded with information doesn’t mean we have the right information or that we’re in touch with the right people. Bill Gates Non Availability of Critical Information on a Real Time […]
Knowledge Management System & MIS
A successful organization strives to attain Critical Cutting Edge Knowledge in its domain which gives it advantage over competitors and is vital for its long term success. Knowledge Management has developed as a strategic domain in dealing with creation, storage & application of critical knowledge applicable to an organization. Critical knowledge is increasingly being recognized as a key strategic input for competitive edge. Knowledge Management leads to a constant learning process & improvement to make organization […]